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Endeavour Mining Corp.
Summary
| Project: | Ity Mine | |
|---|---|---|
| Deposit: | Bakatouo, Colline Sud | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-11-2016: Endeavour Mining Corp. announces a Resource Estimation report for its Bakatouo, Colline Sud deposit at the Ity Mine project. Initial resource declaration for two deposits within an active mining project. Abidjan, November 7, 2016 - Endeavour Mi | |
| Resources: | (Resource, Ind): 5.4Mt @ 2.97g/t Au for 515koz contained at Colline Sud + Bakatouo | |
| CP/QP: | [Resources]: Kevin Harris (Internal) | |
| ABSTRACT: | Abidjan, November 7, 2016 - Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce a maiden Mineral Resource estimate for its recent Bakatouo and Colline Sud discoveries at its Ity Gold Mine in Cote d'Ivoire. It also announces the identification of several new high-priority near-mill exploration targets following the completion of its Auger drilling program. The Bakatouo and Colline Sud deposits, both located within 2.5km from the current processing plant, are characterised by their high-grade and close-to-surface mineralization and remain open in various directions. Moreover, a large portion of the resource is amenable to the heap leach process with oxide and fresh mineralization content making up 42% of the total Indicated resource ounces. This suggests the potential to both extend the existing heap leach operation and improve the economics of the future Carbon-in-Leach ("CIL") project, for which a feasibility study is expected shortly. The Bakatouo and Colline Sud resources have been estimated based on the drill results published on September 13 and October 14, 2016, respectively. Sébastien de Montessus, President & CEO, stated: "We are very pleased with these results and resource estimates as they demonstrate the significant upside potential that exists in and around Ity. They reinforce our belief that Ity can become another flagship asset. We will soon be publishing the feasibility study for the proposed CIL project and will work to update this in early 2017 to include these new resources. As part of this, we will examine the trade-off opportunity of operating both the existing heap leach operation and CIL in parallel for the first few years." | |
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